CLEAR CHANNEL NAMES NEW RADIO CEO

John Hogan Will Oversee 1,200 Stations

CHICAGO (AdAge.com) -- Clear Channel Communications has appointed radio veteran John Hogan as CEO of its radio unit, succeeding Randy Michaels, who abruptly vacated the position last month to head the media giant's new technologies division.

In his previous role of chief operating officer of Clear Channel Radio, Mr. Hogan put together a team of senior and regional vice presidents to oversee the entire radio operation and ran the New York and Los Angeles markets.

Stock drop
Clear Channel, which saw its stock plummet to a 52-week low after Mr. Michaels' departure from the radio unit, searched for his successor both inside and outside the company.

Prior to his role as chief operating officer, Mr. Hogan, with more than 20 years of radio sales and management experience, was senior vice president of Clear Channel's radio operation.

1,200 radio stations
He now oversees Clear Channel's 1,200 radio stations and is charged with integrating the company's assets -- resulting from years of acquisitions -- and growing the business organically, according to the company.

Earlier this week, Clear Channel's former senior regional vice president, John Fullam, left the company to become president and chief operating officer of rival Infinity Broadcasting Corp., a unit of Viacom.